DroneAcharya’s Net Profit Doubles to 6.2 Cr In FY24, Operating Revenue Jumps 90%

DroneAcharya Aerial Innovations, a drone start-up based in Pune, has recorded substantial sales for the financial year 2023-24 (FY24). The operating revenue of the startup increased by a whopping 90% to INR 35.19 Cr in FY24, up from INR 18.56 Cr in FY23.

Net Profit

The company landing DroneAcharya posted a consolidated profit after tax (PAT) of INR 6.2 Cr in FY24, which indicates about 2X growth than the comparable period of the prior fiscal year. These significant increases are indicative of the company’s strategic goals and objectives and its achievements in implementing them.

Growth and Innovative Solutions 

DroneAcharya has successfully positioned itself in the market as a credible drone solution provider as well as a drone-inspired training company. Clients and partners have continued to appreciate their dedication to quality and the innovative solutions they offer. 

Establishment of DroneAcharya 

DroneAcharya was established in 2017 by Prateek Srivastava, M.S. in Aerospace Engineering, and offers services such as multi-sensor drone surveys, pilot training, and data processing. Last year, they forayed into drone manufacturing, joining hands with Gujarat-based robotics firm Gridbots Technologies for the operationalization of commercial drones and product production and export. 

Global Expansion

Over the last few years, DroneAcharya has not only been active in the Indian market but also globally. They are among the few drone startups from India who have entered the Southeast Asia market. Their plan is also to export the “Make in India” drones to Southeast Asia, the Middle East, Africa, and Europe to make a mark in the global market.

Products and Offerings of DroneAcharya

DroneAcharya Aerial Innovations is a Pune-based Company that offers full-fledged aerial and geospatial solutions in the Indian UAV Market. The products and offerings from DroneAcharya are as follows: 

• Drone Surveying and Mapping: DroneAcharya offers end-to-end drone surveying solutions. They help different sectors like agriculture, energy, mining, infrastructure, and urban planning by capturing high-resolution imagery and data. Their mapping solutions allow for accurate land surveying, topographic mapping, and the creation of 3D models. 
• Drone-Based Logistics Solutions: Logistics and supply chain management are another area where the company uses drones. From inventory management to shipment tracking to efficient delivery route planning, DroneAcharya’s logistics solutions provide a boost to productivity and bring down overhead expenses. 
• Industrial Enterprise Solutions: DroneAcharya targets industrial clients and provides them with bespoke services. Others are asset inspection, facility monitoring, and safety assessment. Specialized sensors on drones can be used to assess pipelines, power lines, and other crucial assets. 
• Inspection and Surveillance Solutions: Drones are significant in surveillance and security. DroneAcharya’s drones are used in real-time monitoring, perimeter surveillance, and incident response. They are very effective in large gatherings, safeguarding important installations, and during emergencies.
• Drone Training Courses: Realizing the significance of the safe operation of drones, DroneAcharya provides the course training. These courses include the legal requirements, flight preparation, contingency measures, and piloting techniques. People and companies can also be informed about how they can use drones properly. 

DGCA-approved Drone Pilot Training Service Providers 

DroneAcharya is one of India’s premieres and the only DGCA-approved drone pilot training service provider in the private sector. In FY24, they doubled the training centers by opening two more at IIT Ropar, Punjab, and Jaipur. This expansion demonstrates their dedication to building a pool of competent and certified drone pilots and specialists.

Conclusion

The financial statements for FY24 of DroneAcharya reveal the company’s financial strength, creativity, and dedication. As the drone industry progresses further, DroneAcharya is ahead of the race to fly high in the sky.

DroneAcharya is committed to providing space tech solutions such as reusable rocket launchers, CubeSats, and nanosats. Their attempt to bring these solutions into the Indian market for business purposes shows that the company is not afraid to innovate and dictate the course of the aerial tech industry.

Image Source: DroneAcharya